• The COVID19 CARES Act & How it Affects Beauty Industry Professionals

  • Apr 6 2020
  • Length: 47 mins
  • Podcast

The COVID19 CARES Act & How it Affects Beauty Industry Professionals

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  • Summary

  • What is the CARES (Coronavirus Aid Relief and Economic Security) Act? The CARES Act is the largest economic stimulus package in the history of the United States. It includes approximately two trillion dollars to help people and businesses impacted by COVID-19. Many beauty professionals are asking “What does this mean for me?”

    How does the CARES Act impact the beauty industry? The act includes several provisions that impact citizens of the united states, businesses, and business owners including beauty industry professionals. 

    Beauty industry professionals consist of salon owners, booth renters, commission stylists (W2 employees), and independent contractors most of which are self-employed and/or independent contractors.

    On this podcast, I am only going to focus on four of the provisions that my clients ask about the most

    1. The rebate or stimulus checks
    2. The Pandemic Unemployment Insurance
    3. The payroll or paycheck protection plan
    4. And the Economic Injury Disaster Loans
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